All Topics / Help Needed! / Buying Investment property

Viewing 11 posts - 1 through 11 (of 11 total)
  • Profile photo of Blake BuchananBlake Buchanan
    Participant
    @blake-buchanan
    Join Date: 2008
    Post Count: 4

    hi all,

    It is time and I am seriously considering a second purchase. My friend told me about the investment home owners grant, I have not heard of it before and was wondering if am i entitled to it? 

    Any help would be great

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Dont listen to your friend there i no such thing.

    Richard Taylor | Australia's leading private lender

    Profile photo of Blake BuchananBlake Buchanan
    Participant
    @blake-buchanan
    Join Date: 2008
    Post Count: 4

    Well there is a website for it. I contacted them today, waiting for a response.

    Profile photo of SHalesSHales
    Member
    @shales
    Join Date: 2007
    Post Count: 325

    Have you a link?
    S

    Profile photo of TracyDTracyD
    Member
    @tracyd
    Join Date: 2005
    Post Count: 85

    Yes please provide a link for this, as there is no such thing. If a website is offering it, then they need to be investigated!

    Profile photo of cu@thetopcu@thetop
    Participant
    @cu-thetop
    Join Date: 2007
    Post Count: 36

    Sound's like your friend is blowing a bit of smoke up your arse……Unless Rudd has abandoned his roots to look after the big end of town.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Blake without being funny is this another scam.

    There is no such thing.

    Next you will be telling us your friend has applied and received the Grant.

    Richard Taylor | Australia's leading private lender

    Profile photo of red123nzred123nz
    Member
    @red123nz
    Join Date: 2007
    Post Count: 73

    I think your friend is probably right but got it confused with first home owners grant … hence why taking free advice from your friends is not the best way mate :)

    For the most independent and correct advice get a good accoutant and lawyer/solicitor/attorney ( whatever they call it in aussie).

    Make sure you do your due diligence

    Cheers

    Sean

    Profile photo of Blake BuchananBlake Buchanan
    Participant
    @blake-buchanan
    Join Date: 2008
    Post Count: 4

    um http://www.investmentgrant.com.au

    spoke to a guy yesterday, told me it was a private offer. Still sounds good though

    Profile photo of TracyDTracyD
    Member
    @tracyd
    Join Date: 2005
    Post Count: 85

    I have looked at the website.  Looking through the T&C's you need to borrow over $450k to be eligable for the grant, also you have to use their mortgage broker etc..
    It is no different than using a buyers agent that you pay fees to, to find you a property. They may be giving you 2K rebate, but what are you paying them extra to do so?
    In summary: A private company using a sneaky marketing strategy to lure inexperienced investors.
    I also dont think they should be using  the term 'Grant' as it gives the impression the government are behind it.

    Profile photo of Blake BuchananBlake Buchanan
    Participant
    @blake-buchanan
    Join Date: 2008
    Post Count: 4

    Only borrowing 230k, he said that I can use my bank (CBA) and get $1,000.00 rebate.

    I am going to give it a go

    let you know what happens

Viewing 11 posts - 1 through 11 (of 11 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.